# Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP (VGVA) **Source:** https://fundology.uk/fund/vgva · ISIN IE00BH04GW44 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, VGVA (Vanguard UK Gilt UCITS ETF, ISIN IE00BH04GW44) closed at £20.11 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 30/09/2026 its total return was −24.9%, or −41.3% after UK CPIH inflation. ## Summary Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP is an exchange-traded fund (ETF) from Vanguard, launched in 2019. It tracks the Bloomberg Sterling Gilt Float Adjusted index - GBP - Benchmark TR Net — UK government bonds (gilts). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.07% a year — about £7 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£20.11** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VGVA | | ISIN | IE00BH04GW44 | | Category | Government bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Sterling Gilt Float Adjusted index - GBP - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £131m | | Launched | 2019 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +0.40% | -2.75% | income reinvested | | 3 years | +6.37% | -4.01% | income reinvested | | 5 years | -24.86% | -41.26% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP in pounds (price, with income reinvested in the fund): 2022 −27.0%, 2023 +3.3%, 2024 −4.8%, 2025 +5.0%; 2026 to 30/09/2026 −2.5%. Returns of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +0.6%; to 30/09/2025: −2.6%; to 30/09/2024: +8.5%; to 30/09/2023: −3.7%; to 30/09/2022: −27.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -27.0% | -33.2% | Price | | 2023 | +3.3% | -0.9% | Price | | 2024 | -4.8% | -8.0% | Price | | 2025 | +5.0% | +1.4% | Price | | 2026 to 30/09/2026 | -2.5% | -5.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.38% | -5.75% | | 3 years | 7.21% | -7.56% | | 5 years | 10.63% | -35.82% | ## Largest fall Volatility of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP in pounds, annualised from weekly returns to 30/09/2026: 6.4% over 1 year, 7.2% over 3 years, 10.6% over 5 years. Largest fall in the price of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP since October 2021, in pounds: −35.8% from 10/12/2021 to 14/10/2022. The lowest 12-month return of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP in pounds (price, with income reinvested in the fund) since January 2021 was −31.5% (12 months to 14/10/2022); the highest was +10.4% (12 months to 16/08/2024). On 30/09/2026 the price of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP was 29.2% below its highest weekly close since October 2021 (10/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP 0.07% a year, as of 01/10/2026: 212 of the 274 other government bond funds charge more, 32 the same and 30 less (share classes counted once). ## Funds tracking the same index 2 funds track Bloomberg Sterling Gilt Float Adjusted index - GBP - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.07% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard UK Gilt UCITS ETF | 0.05% | -1.0% | -3.6% | -34.7% | | Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP (this fund) | 0.07% | +0.4% | +6.4% | -24.9% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 31/08/2026): | Holding | Weight | |---|---| | United Kingdom Gilt | 99.45% | | Cash and cash equivalents | 0.55% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By type of asset Added up from the holdings Vanguard publishes, as of 31/08/2026. | Type of asset | Weight | |---|---| | Bonds | 99.5% | | Cash and money market | 0.6% | --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.